The Hollywood Reporter said Thursday that the Weinstein brothers had "managed to fashion a winning bid" for Miramax, but Deadline.com later reported that Disney had responded to the report saying, "No (Miramax) deal done and reports to the contrary are false."

Roger Martin, dean of the Joseph L. Rotman School of Management at the University of Toronto and Jennifer Riel, Associate Director of the Desautels Centre for Integrative Thinking at the Rotman School have penned a Viewpoint article for BusinessWeek that takes a look at why Miramax is dying.